Walt Disney Sees Options Costing $160M

LOS ANGELES (AP) – Walt Disney Co. said Thursday that it expects its new option expensing plan to reduce earnings for the just-ended fiscal year by $160 million, or 8 cents a share. Disney is expected to report earn-ings for its fourth quarter, which ended Sept. 30, on Nov. 17. Disney previously reported a stock-expense charge of 12 cents for fiscal 2004.